SOCIO-ECONOMIC IMPACT OF CORONA VIRUS ON INDIAN ECONOMY

Udit Maheshwari

Abstract


Coronavirus disease is an infectious disease briskly spreading all over the world, causing a lack of death worldwide by directly attacking the respiratory and immune system of the peoples. Many studies are suggesting that this virus can cause severe long term damage to the brain, lungs, and heart. This worldwide pandemic is impacting the Indian economy negatively causing many adverse socio-economic effects to the Indian economy and large economic downfall like unemployment, falling Gross domestic product (GDP), weakening of economic chain of business activities and crashing up of small scale businesses and hampering the international trade, All these factors pushing the Indian economy towards recession.

In this paper, we will have a dynamic view of the socio-economic impacts of coronavirus on Indian economy.


Keywords


Corona Virus, Indian economy, Recession, GDP, International Trade, Economic Downfall, Business Activities.

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References


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